Home Prices Up 7.6% From Year Ago

Home prices appreciated in a growing number of cities during the third quarter, the latest evidence that the real estate recovery is gaining momentum and breadth.

The median price for an existing single-family home was $186,000 in the third quarter, up 7.6% from a year earlier and the largest year-over-year growth since 2006, according to a report Wednesday from the National Association of Realtors. More cities saw gains....